DAXEUR

The DAX 40 index started the week under the influence of negative pricing in European markets, along with mixed trends in Asian markets and the kickoff of the US earnings season. In Japan, expectations of a possible rate hike by the BOJ and economic developments in China are causing divergences among global indices. However, the DAX 40 index is seeking balance around averages, with a tendency to accept these areas as a bottom, indicating buyers' desire to be stronger. This could be decisive for the index's performance.

From a technical perspective, the 50 and 100-period moving averages located in the range of 20220 - 20305 are critically important for the DAX 40 index in the short term. If the index continues to remain above these averages, it is observed that the potential for upward movements could continue. Particularly if stability above the 20385 level is achieved, a move towards the 20648 peak might remain on the agenda. However, if the index dips below the 20185 level, a retreat to the medium-term support level of 19800 could be considered. The RSI indicator is at 60, presenting a positive outlook and supporting market optimism.